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Banks under RBI scanner for sale of gold investment products

Last Updated: Sunday, April 28, 2013, 13:09

The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers.

Gold down 6.38% from lifetime high on other investor options

Last Updated: Sunday, December 23, 2012, 11:09

Preference for alternate safe haven options like equities and other securities by investors has taken a toll on gold prices, which dropped by as much as 6.38 percent since hitting a life-time high of Rs 32,975 per 10 grams here last month.

Gold declines by Rs 125, silver Rs 400 on weak demand

Last Updated: Thursday, October 04, 2012, 18:08

Gold prices lost Rs 125 to Rs 31,575 per 10 grams in the national capital today on weak demand at prevailing higher levels amid strengthening rupee.

Five best ways to invest in Gold

Last Updated: Saturday, September 29, 2012, 14:35

At the current price of Rs 32,000 per 10 grams in the bullion market, the demand for the precious yellow metal remains upbeat.

Gold rises for sixth straight day; up Rs 150 at Rs 30,310 per 10 grams

Last Updated: Thursday, July 26, 2012, 17:02

Gold on Thursday rose for the sixth straight session and gained Rs 150 to Rs 30,310 per 10 grams on sustained buying ahead of the festive and marriage season amid a firming global trend.

Gold regains Rs 30K level on strong festive demand, global cues

Last Updated: Wednesday, July 25, 2012, 15:48

Gold on Wednesday regained the psychological level of Rs 30,000 per 10 grams on brisk buying by stockists and jewellers to meet the demand for the upcoming festive season amid a firming global trend.

Need to dissuade people from investing in gold: Pranab

Last Updated: Saturday, June 16, 2012, 20:33

Worried over flow of savings for investment in gold, Finance Minister Pranab Mukherjee on Saturday said there is a need to spread financial literacy to encourage people to invest in market instruments.

Gold futures extend gains on global cues, spot demand

Last Updated: Thursday, June 14, 2012, 11:23

Buoyed by firming trend overseas, gold continued its winning streak to trade 0.33 percent higher in futures trade on Thursday as speculators engaged in building positions.

Gold down by Rs 75 on weak global cues, subdued demand

Last Updated: Saturday, February 25, 2012, 14:41

In New York, gold fell by USD 6.50 to USD 1,773.60 an ounce on Friday night.

Gold pauses after rally, monetary easing hopes support

Last Updated: Thursday, February 23, 2012, 14:48

Spot gold edged lower on Thursday, taking a breather after hitting a three-month high in the previous session, while sentiment remains supported on hopes of further monetary easing after sluggish economic data from the eurozone and China.

Gold, silver rebound on seasonal demand, firm global cues

Last Updated: Tuesday, February 21, 2012, 15:46

Both the precious metals, gold and silver, rebounded, Tuesday on buying by stockists and jewellers for the ongoing marriage season demand amid firming global trend.

Gold regains 28K, silver up Rs 1,600 on firm global trend

Last Updated: Wednesday, January 04, 2012, 15:56

Buoyed by a firming global trend, gold prices rose further by Rs 225 to Rs 28,120 per 10 grams, while silver spurted by Rs 1,600 to Rs 53,200 per kg in the bullion market here, Wednesday on increased offtake.